It is interesting that you
It is interesting that you focus on the upcoming Mazda and Volvo models. Volvo has evolved their offerings to include EV hybrids and the rare $155K Polestar 1 BEV. But they are coming out with the Polestar 2 to rival the Model Y and this upcoming XC40 EV. They do offer a clean design, thoughtful engineering, and nice interiors that we like in their gas models. How much of a dent that they put in the EV market depends on their pricing and capabilities. I have also always liked Mazda, but they have been a total no-show with regard to EVs up to now. And in the same way that companies like Subaru and Maserati are finally offering EV models, Mazda's entry into BEVs is a good sign that electric vehicles are part of this world's automotive future. Unlike your perception that the EV market is shrinking, I see this slump a reflection of this administration's backsliding on environmental support which has slowed the growth of EVs in the U.S. and delayed the released of new EV models for another year or so. Beyond Tesla's obvious success in expanding the EV market, I see the next push coming from VW, with their ID.4, Ford with their Mach E, Chevrolet with their refresh on the Bolt and new EUV and Cadillac BEVs, Hyundai with their continued EV support, Toyota and Nissan hopefully offering more EV models, and more disruption from Rivian. Despite recent setbacks I see a strong momentum that supports EVs, from hybrids, to PHEVs, to full BEVs. But it is going to be an evolutionary move overall with BEV models getting the press attention today, but wider EV adoption expanding to a point where every automaker will be offering EV options within 5 years.